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Corresponding Author:
Oluremi Ogun, University of Ibadan, Ibadan, Nigeria

Output Fluctuations in Nigeria

Volume 71 - Issue 4, November 2018
(pp. 465-502)
JEL classification: E00, E30
Keywords: Macroeconomic Theory, Business Cycles

Abstract

This study investigates the macroeconomic sources of output fluctuations in Nigeria. The study was conducted within the context of stabilization policies. The analysis covered the period, 1960 to 2013. Typical of the macroeconomic sources investigated were monetary, fiscal, trade and external sector allied issues as well as strictly exogenous developments. Two analytical approaches were applied to detrended data series in the study. The outcome of the exercise suggested policy directions with narrow money and foreign real interest rate pinpointed as the principal causes of output fluctuations. An optimal response of policy to cycles originating outside the economy was also outlined.


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Institute for International Economics
of the Genoa Chamber of Commerce


Istituto di Economia Internazionale
Camera di Commercio di Genova
Via Garibaldi, 4 (III piano) - 16124 Genova (Italy)
www.ge.camcom.gov.it